Gaslog Partners Stock Forecast - Relative Strength Index
| GLOPDelisted Stock | USD 8.63 0.01 0.12% |
Gaslog Stock Forecast is based on your current time horizon.
Gaslog |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 74.97 | 74.97 |
| Check Gaslog Partners Volatility | Backtest Gaslog Partners | Trend Details |
Gaslog Partners Trading Date Momentum
| On July 12 2023 Gaslog Partners LP was traded for 8.63 at the closing time. The top price for the day was 8.65 and the lowest listed price was 8.63 . The trading volume for the day was 1 M. The trading history from July 12, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.12% . The overall trading delta against the current closing price is 0.00% . |
Gaslog Partners Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gaslog Partners stock to make a market-neutral strategy. Peer analysis of Gaslog Partners could also be used in its relative valuation, which is a method of valuing Gaslog Partners by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gaslog Partners Market Strength Events
Market strength indicators help investors to evaluate how Gaslog Partners stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gaslog Partners shares will generate the highest return on investment. By undertsting and applying Gaslog Partners stock market strength indicators, traders can identify Gaslog Partners LP entry and exit signals to maximize returns.
Gaslog Partners Risk Indicators
The analysis of Gaslog Partners' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Gaslog Partners' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gaslog stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.156 | |||
| Standard Deviation | 0.2848 | |||
| Variance | 0.0811 | |||
| Downside Variance | 0.0318 | |||
| Semi Variance | (0.05) | |||
| Expected Short fall | (0.26) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Gaslog Partners
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gaslog Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gaslog Partners will appreciate offsetting losses from the drop in the long position's value.Moving together with Gaslog Stock
Moving against Gaslog Stock
| 0.86 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
The ability to find closely correlated positions to Gaslog Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaslog Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gaslog Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gaslog Partners LP to buy it.
The correlation of Gaslog Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gaslog Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaslog Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gaslog Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Consideration for investing in Gaslog Stock
If you are still planning to invest in Gaslog Partners LP check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Gaslog Partners' history and understand the potential risks before investing.
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